NXT :: descendant of Bitcoin - Updated Information

[Passion_ltc]

Today I needed to restart client and java process 4 times. F5 doesn't help. client is 0.5.0. In command prompt windows sometimes  are errors, sometimes not. After last crash and after F5, client gives "java.lang.NullPointerException" error after entering password. Something weird. Checked task manager, java uses 500 MB of memory after last time client crashed. No errors in command prompt window.

Happened the same to me. 3 times in a row today.

I had even worse issue, namely first my Firefox started freezing because orphans.html or something like that (script) was taking
too long to execute. I let it continue few times but than all coins on my account vanished. No incoming or outgoing transactions
at all! OK, restart everything, no change. Restart computer, no change. So I installed 0.5.1 and deleted everything in NXT folder,
so far everything works correctly.

Windows 0.5.1 client:

https://nextcoin.org/index.php/topic,2041.0.html

"Before upgrading your client, please backup the files blocks.nxt and transactions.nxt!!" IGNORE, I had to delete those files else
there was no change, e.g. I was missing all my coins!

But then it went crazy again, what is happening?

Well, RETARDS, I'm gonna quote my and others issues until you finaly STFU about irrelevant shits and move your very unimportant
debate elsewhere. For weeks now I was tolerant way beyond my usual levels but now you have pushed me into red zone. Fuck off!

Delete the *.nxt files and start it again.

[landomata]

Pls explain more how we can do this in a decentralized way ASAP....thank you....also trust how to fix that

I was proposing a solution to those that couldn't pursue the NXT/Fiat gateway due to extremely high taxes.

Tax solution...Check

You should get some reward for this one

[subSTRATA]

But then it went crazy again, what is happening?

Dude, wait for the nxt file to sync before opening the client.

Dude, STFU because you are not helping. I'm with NXT from the day 1 so I know what is normal and abnormal operation. I've just
redownloaded complete blockchain 2nd time in few hours, everything looked correct for a while but then NXT just went crazy with
orphans (check the orphan value on screenshoot) and corrupted my .nxt files beyond repair.

[subSTRATA]

Today I needed to restart client and java process 4 times. F5 doesn't help. client is 0.5.0. In command prompt windows sometimes  are errors, sometimes not. After last crash and after F5, client gives "java.lang.NullPointerException" error after entering password. Something weird. Checked task manager, java uses 500 MB of memory after last time client crashed. No errors in command prompt window.

Happened the same to me. 3 times in a row today.

I had even worse issue, namely first my Firefox started freezing because orphans.html or something like that (script) was taking
too long to execute. I let it continue few times but than all coins on my account vanished. No incoming or outgoing transactions
at all! OK, restart everything, no change. Restart computer, no change. So I installed 0.5.1 and deleted everything in NXT folder,
so far everything works correctly.

Windows 0.5.1 client:

https://nextcoin.org/index.php/topic,2041.0.html

"Before upgrading your client, please backup the files blocks.nxt and transactions.nxt!!" IGNORE, I had to delete those files else
there was no change, e.g. I was missing all my coins!

But then it went crazy again, what is happening?

Well, RETARDS, I'm gonna quote my and others issues until you finaly STFU about irrelevant shits and move your very unimportant
debate elsewhere. For weeks now I was tolerant way beyond my usual levels but now you have pushed me into red zone. Fuck off!

Delete the *.nxt files and start it again.

I've done that 2 times in last few hours but OK, I'll do it third time just to make sure it is up to NXT and not my imagination, LOL!

[bitcoinpaul]

Well, what about the other (scam) clones popping up? There is that Neon one which looks promising...

lol @ neon. The only thing they got is a logo mockup which every amateur designer could do in a few minutes (there are hundreds of photoshop templates out there to make some nice pseudo 'branding')

[marcus03]

Maybe we could create an asset organisation in some exotic liberal country? Would you pay me for living in Seychelles or in Panama?

If one were truly committed to creating a NXT/Fiat gateway... the best way to go would be through a Belize International Business Company (IBC) that is owned by a Belize Trust.

Here is how you do it:

a. You create the Belize Trust (Trustees, Beneficiaries, etc.)
b. The Trust incorporates the IBC; thus the Trust is the owner of the IBC and not the beneficiaries of the Trust.
c. IBC creates a business presence online (website, NXT Asset Exchange gateway, etc.)
d. All bank, merchant, exchange, etc. accounts are opened by the IBC.
e. Belize bank account is in $.
f. The physical address associated with all accounts is the corporate address of the IBC.
g) There is NO TAX for income earned from IBCs outside Belize.

You are looking at $1500-2000 to set this up and around $1000 yearly expenses to renew the Belize contracts.


And YES... it is all COMPLETELY LEGAL!!!  

Which brings us back to the question of trust...  

[pinarello]

subSTRATA

add an empty file called blockchain.nrs in your NXT folder

Pin

[BitcoinForumator]

I know these tiny issues like Substrata has have been and are easily resolved every time...but come on, this needs to work flawlessly and with no hassle for mainstream. 1-click and install and the forget about it. You can't expect people to keep deleting, refreshing things.

[davethetrousers]

Look familiar?

Yip, standard behavior. Peak, bulltrap, deflating, slower uptrend again.

[utopianfuture]

But then it went crazy again, what is happening?

Dude, wait for the nxt file to sync before opening the client.

Dude, STFU because you are not helping. I'm with NXT from the day 1 so I know what is normal and abnormal operation. I've just
redownloaded complete blockchain 2nd time in few hours, everything looked correct for a while but then NXT just went crazy with
orphans (check the orphan value on screenshoot) and corrupted my .nxt files beyond repair.

Do you update to the client 0.5.1 yet ? it is supposed a bug fix release. I am running it fine now.

[landomata]

Maybe we could create an asset organisation in some exotic liberal country? Would you pay me for living in Seychelles or in Panama?

If one were truly committed to creating a NXT/Fiat gateway... the best way to go would be through a Belize International Business Company (IBC) that is owned by a Belize Trust.

Here is how you do it:

a. You create the Belize Trust (Trustees, Beneficiaries, etc.)
b. The Trust incorporates the IBC; thus the Trust is the owner of the IBC and not the beneficiaries of the Trust.
c. IBC creates a business presence online (website, NXT Asset Exchange gateway, etc.)
d. All bank, merchant, exchange, etc. accounts are opened by the IBC.
e. Belize bank account is in $.
f. The physical address associated with all accounts is the corporate address of the IBC.
g) There is NO TAX for income earned from IBCs outside Belize.

You are looking at $1500-2000 to set this up and around $1000 yearly expenses to renew the Belize contracts.


And YES... it is all COMPLETELY LEGAL!!!  

Which brings us back to the question of trust...  

Normally banks offer a online transfer confirmation system similar to a multisig I think...so you could authorize 5 people to confirm each transfer (by ticket device which some banks normally give out) or It can;t go thru....this would slow things down but it would increase trust.

[pinarello]

these r the three questions for BCNext:


What are the most inportant 5 things the community should do, in order to properly support nxt in the next 6 months?       40 (20.6%)

why was the initial funding cancelled suddenly with few people?       22 (11.3%)

How would you solve problem with scam accusations according to "unfair" distribution Nxt to 73 big stakeholders?       20 (10.3%)


Pin

[subSTRATA]

But then it went crazy again, what is happening?

Dude, wait for the nxt file to sync before opening the client.

Dude, STFU because you are not helping. I'm with NXT from the day 1 so I know what is normal and abnormal operation. I've just
redownloaded complete blockchain 2nd time in few hours, everything looked correct for a while but then NXT just went crazy with
orphans (check the orphan value on screenshoot) and corrupted my .nxt files beyond repair.

Do you update to the client 0.5.1 yet ? it is supposed a bug fix release. I am running it fine now.

Yes I have upgraded but issue remains.

[utopianfuture]

these r the three questions for BCNext:


What are the most inportant 5 things the community should do, in order to properly support nxt in the next 6 months?       40 (20.6%)

why was the initial funding cancelled suddenly with few people?       22 (11.3%)

How would you solve problem with scam accusations according to "unfair" distribution Nxt to 73 big stakeholders?       20 (10.3%)


Pin

Pin, shanks for compiling this. It would be nice to know BCNext's opinions on these issues.

[BitcoinForumator]

Hey guys,

I cancelled a NXT deposit on DGEX. How long does it take for NXT to reappear in my wallet? And is this consider as withdrawal or not?
Thanks

You should ask this on Nextcoin.org

[NxtChg]

Pin, shanks for compiling this. It would be nice to know BCNext's opinions on these issues.

Shawn Connery, is that you?

[msin]

I know these tiny issues like Substrata has have been and are easily resolved every time...but come on, this needs to work flawlessly and with no hassle for mainstream. 1-click and install and the forget about it. You can't expect people to keep deleting, refreshing things.

Totally agree, this will be solved when nexern releases his client (in about 3 weeks).

[martismartis]

Data from command prompt:
0:0:1;"
[2014-01-07 16:29:53.947] "allowedBotHosts" = "127.0.0.1; localhost; 0:0:0:0:0:0
:0:1;"
[2014-01-07 16:29:53.948] "blacklistingPeriod" = "300000"
[2014-01-07 16:29:53.948] "communicationLoggingMask" = "0"
[2014-01-07 16:29:53.948] Loading transactions...
[2014-01-07 16:29:56.230] ...Done
[2014-01-07 16:29:56.231] Loading blocks...
[2014-01-07 16:29:58.273] ...Done
[2014-01-07 16:29:58.274] Scanning blockchain...
[2014-01-07 16:29:59.696] ...Done
2014-01-07 16:29:59.734:INFO:oejsh.ContextHandler:main: Started o.e.j.w.WebAppCo
ntext@3ba08dab{/,file:/D:/nxt/webapps/root/,AVAILABLE}{D:\nxt\webapps\root}
2014-01-07 16:29:59.754:INFO:oejs.ServerConnector:main: Started ServerConnector@
4bf7a31f{HTTP/1.1}{0.0.0.0:7874}
2014-01-07 16:29:59.928:INFO:oejs.ServerConnector:main: Started ServerConnector@
7816568e{SSL-http/1.1}{0.0.0.0:7875}
[2014-01-07 16:57:00.858] Re-scanning blockchain...


client 0.5.1. Something new "re-scanning blockchain..."
Unconfirmed transactions [20989]
Recent blocks [-4577]
You can generate the next block in - working

Do I need to restart everything? A little bit confusing, to sit all day, check the process and restarting...

Can somebody explain in human words what is going on with client?

[zarx]

I don't hold any NXT, but I've been following NXT for the past two weeks or so and noticed something I don't really get.

How come there are such large jumps in trading volume for NXT? Last week, there has been a period of it being at around $400,000-ish every day. This morning I'm pretty sure it was in the $30,000 range and now it's at $150,000. For comparison, when NXT was at $400,000, NMC and PPC, the two biggest "secondary" alts, were at $800,000-$900,000 trading volume and the market was quite calm in general due to crash recovery, holidays, etc. Right now, the market is booming and both those have trading volumes well over $3,000,000, with NXT, as mentioned, being way lower than before. Didn't watch other alts too closely, but I guess it's reflected there as well to an extent - at the very least I think it's the case for those coins traded on BTC-e.

I don't have any proof and can't find any historical comprehensive source on altcoin performances right now, so my memory might trick me on this one. Still, though, how is that possible? That, including the whole distribution mode of NXT, kinda scares me to buy in.

My source for data is coinmarketcap.com, by the way.

[laowai80]

client 0.5.1. Something new "re-scanning blockchain..."

I got that message too, however all blocks look good.